Time-related underemployment rate (ILO modelled estimates) (15+) in South Korea
South Korea: Time-related underemployment rate (ILO modelled estimates) (15+) was 2.62 in 2027. ◆ Volatile
Time-related underemployment rate (ILO modelled estimates) in South Korea, 2005–2027
Source: International Labour Organization.
Analysis
The most recent figure for time-related underemployment rate (ilo modelled estimates) in South Korea is 2.62, measured in 2027.
The figure is up 26.1% over ten years.
Over the whole period, time-related underemployment rate (ilo modelled estimates) in South Korea peaked at 3.93 in 2020 and was at its lowest, 0.349, in 2009.
That places South Korea 130th out of 188 countries with data for 2027, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Time-related underemployment rate (ILO modelled estimates) (15+) in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 0.363 | — |
| 2006 | 0.401 | +10.5% |
| 2007 | 0.44 | +9.7% |
| 2008 | 0.436 | -0.9% |
| 2009 | 0.349 | -20.0% |
| 2010 | 0.359 | +2.9% |
| 2011 | 0.426 | +18.7% |
| 2012 | 0.465 | +9.2% |
| 2013 | 0.445 | -4.3% |
| 2014 | 1.06 | +138.0% |
| 2015 | 1.86 | +75.3% |
| 2016 | 1.88 | +1.2% |
| 2017 | 2.08 | +10.7% |
| 2018 | 2.28 | +9.7% |
| 2019 | 2.7 | +18.4% |
| 2020 | 3.93 | +45.5% |
| 2021 | 3.79 | -3.4% |
| 2022 | 2.88 | -24.1% |
| 2023 | 2.53 | -12.3% |
| 2024 | 2.62 | +3.9% |
| 2025 | 2.62 | -0.2% |
| 2026 | 2.62 | +0.1% |
| 2027 | 2.62 | +0.0% |
South Korea compared with similar countries
- South Korea's 2.62 is below the median for high income countries, which is 3.39, 77% of the median. (62 countries reporting)
- South Korea's 2.62 is below the median for East Asia & Pacific, which is 2.8, 94% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Time-related underemployment rate (ILO modelled estimates) (15+) in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +138.0% | 0.445 | 1.06 |
| 2015 | +75.3% | 1.06 | 1.86 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3978 | 0.349 | 0.44 | 5 |
| 2010s | 1.35 | 0.359 | 2.7 | 10 |
| 2020s | 2.95 | 2.53 | 3.93 | 8 |
Countries ranked near South Korea
More work & labour data for South Korea
- Persons outside the labour force (ILO modelled estimates) 16,840 (2027)
- Labour force participation rate (ILO modelled estimates) 63.91 (2027)
- Labour force (ILO modelled estimates) 29,824 (2027)
- Unemployment rate (ILO modelled estimates) 2.96 (2027)
- Labour dependency ratio 0.78 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 97,052 (2027)
- Output per worker, GDP constant 2015 US $ 65,686 (2027)
- Employment-to-population ratio (ILO modelled estimates) 62.02 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.9719 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -0.1065 % change on previous year (2027)
Frequently asked questions
- What is time-related underemployment rate (ilo modelled estimates) in South Korea?
- Time-related underemployment rate (ilo modelled estimates) in South Korea was 2.62 in 2027, according to International Labour Organization.
- What is the highest time-related underemployment rate (ilo modelled estimates) recorded in South Korea?
- The highest recorded value was 3.93 in 2020.
- What is the lowest time-related underemployment rate (ilo modelled estimates) recorded in South Korea?
- The lowest recorded value was 0.349 in 2009.
- How does South Korea rank for time-related underemployment rate (ilo modelled estimates)?
- South Korea ranks 130th out of 188 countries with data for 2027.
- Is time-related underemployment rate (ilo modelled estimates) rising or falling in South Korea?
- Over the last ten years it is up 26.1%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from International Labour Organization, published as part of Time-related underemployment rate (ILO modelled estimates) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. The time-related underemployment rate conveys the number of persons in time-related underemployment as a percent of the total number of persons in employment. Persons in time-related underemployment comprise all persons in employment, who satisfy the following three criteria during the reference period: a) are willing to work additional hours; b) are available to work additional hours i.e., are ready, within a specified subsequent period, to work additional hours, given opportunities for additional work; and c) worked less than a threshold relating to working time i.e., persons whose hours actually worked in all jobs during the reference period were below a threshold, to be chosen according to national circumstances. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.